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by anthonyleecook
3046 days ago
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China's advantages to a booming economy in the early 2000s are all withering away, however. Demographics: China is actually projected to have less than 800M population by 2100. Foreign direct investment: leaving to higher growth areas like India and Vietnam, partly also due to capital controls. Cheap labor: wage inflation is causing manufacturing to move out of China. Large labor force: China will have one of the oldest population by 2050, with working forces retiring. Tech growth: surveillance, great firewall, pollution, economy slowdown will spur talents to leave China. |
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